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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: anyer who wrote (3993)9/6/2001 2:10:11 PM
From: Tommaso  Read Replies (1) of 206334
 
FTO certainly has an incredibly low P/E that (unless, as we all know, OPEC cuts off its nose again) ought at least to cushion it against serious losses. Do you own any yet? How long have you been following it?

EDIT: Oh, I see it is purely a refiner, which I did not know. But I guess in general higher prices mean higher margins for refiners.
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